Digital payments providers, money service businesses and credit card companies in the UK all filed less suspicious activity reports last financial year, bucking an overall trend of higher reporting.
Estonian authorities have defended their role in recent money laundering scandals as EU figures continue to press for greater centralisation of power as a response to perceived failings by member...
Malta’s financial regulator has indicated it will heighten scrutiny of the island’s payments and e-money sector as it pointed out widespread compliance failures among firms.
Denmark will follow the European Banking Authority's (EBA) recommendation of a 15-month transition period for new EU rules on strong authentication of online card payments, a reversal of the...
European authorities are investigating efforts by banks to thwart account access for fintechs mandated by the EU’s revised Payment Services Directive (PSD2), with plans to call on national...
European financial services firms have called on EU finance ministers to make sweeping changes to proposed rules to enlist payment firms in the fight against VAT fraud, warning that the suggested...
Australia’s financial services regulator has put the brakes on Revolut’s expansion in the country, ordering the payment services provider to halt onboarding of new customers while its licence...
German payment processor Wirecard has secured entry into China’s lucrative digital payments market by snapping up a local provider.
UK payment service providers could face new laws designed to combat illicit political donations after lawmakers grilled PayPal over its approach to handling payments to local political parties...
Top banking industry groups have backed lawmakers’ recommendation for the UK government to compel all payment service providers to reimburse innocent fraud victims.
The EU’s top banking regulator brushed aside protests from the European Commission when it opted for a 15-month delay to enforcing new rules on strong customer authentication, new records show.
Finland’s financial regulator has granted its first tranche of registrations to cryptocurrency firms, becoming the latest of a growing number of EU member states to give the sector official...
The UK’s Financial Conduct Authority (FCA) is standing by its decision to allow issuers and acquirers 18 months to meet new strong authentication rules, despite European regulators opting for a...
The Financial Action Task Force (FATF), a global standards-setter for combating money laundering and terrorist financing, has turned its attention to the issue of digital identity, seeking feedback...
New standards on reimbursing innocent fraud victims should be legally mandated and first-time payments should only be executed after a day’s delay, UK lawmakers have said in a new report on...
Hungarian regulators have proposed initiatives aimed at boosting financial innovation in a market still dominated by cash, including speedier licensing, digital ID requirements and industry-wide...

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